CBRE has originated a $12.3 million loan to facilitate an extensive capital improvement and remediation project at River View Towers in Hamilton Heights, Manhattan. Located at 626 Riverside Drive near Riverside Park, the 24-story Mitchell Lama property was completed in 1964 and comprises 385 affordable cooperative units.
The affordable housing lottery has launched for 1079 Lafayette Avenue, a four-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by Sander Weiss’s Brooklyn-based Gelu Durus Musica and developed by 1079 Lafayette Holdings LLC, the structure yields 22 residences. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $72,000 to $187,330.
Local officials have approved proposals to construct a 185-unit rental building at 208-216 King Street in Port Chester, a village in Westchester County. The property is the latest project set to break ground within the Port Chester Opportunity Zone, an area of the village where developers have access to special incentives meant to offset building and investment costs.
TF Cornerstone this week debuted Luminescence Market, the first grocery store to open within the Hunter’s Point South complex in Hunter’s Point, Queens. The store is located at the foot of 5203 Center Boulevard, a 52-story residential tower that overlooks the East River.
The affordable housing lottery has launched for 33-19 103rd Street, a four-story residential building in Corona, Queens. Recently renovated, the structure yields four residences in 3,790 square feet. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $215,150.